Senate Seeks to Roll Back Exemptions
In Law Used by Enron's Trading Unit

By

Bryan Lee Dow Jones Newswires

Updated Feb. 14, 2002 12:07 a.m. ET

WASHINGTON -- Two Senate Democrats said they will introduce legislation Thursday to roll back exemptions in a commodity-trading law that let Enron Corp. operate online energy-trading systems without government oversight.

Sens. Dianne Feinstein of California and Maria Cantwell of Washington said their proposal would give the Commodity Futures Trading Commission authority to regulate trading of energy futures to "ensure that all energy transactions are transparent." The bill also would give the Federal Energy...